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Seeks Increased Trading Volume and Means to Enhanced Valuation
John Marshall Bancorp, Inc. (OTCQB: JMSB) (the "Company"), parent company of John Marshall Bank (the "Bank"), announced today that it intends to become a publicly-traded company, including potentially listing its shares on the Nasdaq or NYSE stock exchange. The Company anticipates becoming a publicly-traded company within the next twelve to fifteen months. The exact timing is contingent upon a number of factors, including but not limited to, the Securities and Exchange Commission’s registration process, equity market conditions and stock exchange listing requirements.
Chris Bergstrom, President and Chief Executive Officer, commented, "Since 2006, John Marshall Bank has established a reputation as a growth company. As we embark on our next stage of growth we believe it is important to have increased access to capital and better liquidity for our shareholders. We believe that becoming a publicly-traded company and listing on an exchange will help us meet these objectives, including by potentially making our stock eligible for future inclusion in a stock market index. If included in an index, we would anticipate greater demand for our stock, higher trading volume and increased ability to enhance value for shareholders."
About John Marshall Bancorp, Inc.
John Marshall Bancorp, Inc. is the bank holding company for John Marshall Bank. John Marshall Bank is headquartered in Reston, Virginia with eight full-service branches located in Alexandria, Arlington, Loudoun, Prince William, Reston, Rockville, Tysons, and Washington, D.C. and one loan production office in Arlington, Virginia. The Company is dedicated to providing an exceptional customer experience and value to local businesses, business owners and consumers in the Washington, D.C. Metro area. The Bank offers a comprehensive line of sophisticated banking products, services and a digital platform that rival those of the largest banks. Dedicated relationship managers serving as direct point-of-contact along with an experienced staff help achieve customer’s financial goals. Learn more at www.johnmarshallbank.com.
This press release contains forward-looking statements within the meaning of the Securities and Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions. In some cases, forward-looking statements can be identified by use of words such as "may," "intends," "will," "anticipates," "believes," "expects," "plans," "estimates," "potential," "continue," "should," and similar words or phrases. These statements are based upon current and anticipated economic conditions, nationally and in the Company’s market, interest rates and interest rate policy, competitive factors, and other conditions which by their nature, are not susceptible to accurate forecast, and are subject to significant uncertainty. Because of these uncertainties and the assumptions on which this discussion and the forward-looking statements are based, actual future operations and results may differ materially from those indicated herein. Readers are cautioned against placing undue reliance on any such forward-looking statements. The Company’s past results are not necessarily indicative of future performance.
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